logo
TSMC Discovers Potential Leak of Advanced Chipmaking Tech

TSMC Discovers Potential Leak of Advanced Chipmaking Tech

Bloomberg12 hours ago
Taiwan Semiconductor Manufacturing Co. has discovered a possible leak of trade secrets related to its advanced chipmaking techniques, and has taken action against staff deemed responsible.
The chipmaker to Nvidia Corp. and Apple Inc. has initiated legal proceedings, TSMC said in a statement without elaborating. On Tuesday, the Nikkei reported that TSMC had fired several employees suspected of attempting to obtain critical proprietary information on 2-nanometer chip development. That next-generation semiconductor process is entering mass production in the second half of this year, and will eventually power a plethora of devices from smartphones to AI accelerators.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Countries push for last-minute deals as Thursday tariff deadline looms
Countries push for last-minute deals as Thursday tariff deadline looms

Yahoo

time8 minutes ago

  • Yahoo

Countries push for last-minute deals as Thursday tariff deadline looms

An array of trade crosscurrents continued in Tuesday afternoon. There has been a push for last-minute deals, continued fuzziness on previously announced trade commitments—and an indication from President Trump that a deal to delay tariffs on China is "close." It all comes as global importers brace for the Thursday morning deadline. That's when President Trump promises to implement a central plank of his trade agenda: a tiered approach to "reciprocal" tariffs from 10% to 50%. Meanwhile, talks continued on varied fronts. For example, the Swiss president announced she would fly to Washington to try to win last-minute concessions. She added Tuesday that "the aim is to present a more attractive offer to the United States" to avert a 39% tariff on goods from her nation. Meanwhile India faces a divergent situation, with Trump telling CNBC Tuesday morning "we settled on 25% [tariffs], but I think I am going to raise that very substantially over the next 24 hours." India has slammed Trump's threats as unjustified and has seen its chances of a deal dwindle with top aides for Indian Prime Minister Narendra Modi also reportedly traveling this week — but not to the US but instead to Moscow. It's part of flurry of last minute moves and a message from Trump that he's full-speed ahead with no plans to delay a tariff increase starting Thursday. For rolling updates on tariffs, check out our liveblog > He even teased during the CNBC appearance that he probably won't run for president again, but that he'd like to, in part because, in his view, "people love the tariffs." (Trump is, of course, barred by the Constitution from running for a third term, but he's often floated the idea.) Switzerland and India are two countries currently on the outside looking in but even nations that recently struck a trade deal continued to try and prepare for the tariff piece to take effect. Japan's top trade negotiator is also reportedly due in Washington, D.C. this week for talks to ensure that a plan proceeds to cut auto tariffs to 15%. Likewise, talks with the EU continue as negotiators there are reportedly still pushing for exemptions, such as on wine and spirits. Trump also weighed in Tuesday morning on talks with China. Markets are closely watching for any signs of an agreement to delay a tariff snapback scheduled for Aug. 12, with Trump saying, "We're getting very close to a deal." Trump also suggested it was likely that "at some point in the not too distant future" he would meet with President Xi Jinping. The president also added that new sector-specific tariffs on semiconductors and pharmaceuticals are likely and that at least those pharmaceutical tariffs could be announced "within the next week or so." Read more: What Trump's tariffs mean for the economy and your wallet New details for some nations — and a focus on India and Switzerland There is also some new clarity on some technical details around how the new tariff landscape will likely work beginning at 12:01 a.m. ET on Thursday. US customs officials this week offered additional technical guidance in a new document about how it'll handle some tariff exemptions. The news there may give some select importers a short-term breather. But with a full tally, according to Bloomberg Economics, the average US tariff rate is now expected to rise to 15.2% if duties go forward as planned. That's a jump from current rates of 13.3% and another jump from the 2.3% duties seen in 2024 before Trump took office. That overall landscape set to be in effect Thursday will cover nearly every country on the globe. It also comes after Trump and his team set "bespoke" rates largely based on the trade deficit, with many of America's top trading partners seeing a key new standard of 15% tariff, while others will see higher rates. Read more: 5 ways to tariff-proof your finances Countries from the European Union to South Korea to Japan also struck deals at that 15% rate, but open questions remain. Other Asian countries have struck deals in the 19%-20% range. Trade Representative Jamieson Greer recently said on CBS that the published rates included many agreements, "some of these deals are announced, some are not," with other nations simply being dictated tariffs based on the level of the trade deficit. Switzerland is one nation for which the US has dictated tariffs. Its delegation will be in Washington on Tuesday, set to push for lower rates. But on Tuesday morning, Trump suggested that it would be an uphill climb and that a recent call with the country didn't go well because "they essentially pay no tariffs," even as talks are clearly set to continue there. As for India, any immediate offramp appears unlikely because of that nation's connections with Russia and Russian oil. A note Tuesday from Capital Economics suggested that India could, in theory, offer concessions to diversify its energy sources, "but we doubt that India would make a wholehearted effort to wean itself off Russian oil [as it could upset relations and] it would not play well to be seen caving to Trump's demands." At the same time, reports from Bloomberg and the Times of India revealed that two top aides to Indian Prime Minister Narendra Modi are traveling not to the US but to Russia in the coming days and weeks— even amid Trump's ever-escalating threats. Trump on Tuesday morning suggested talks are on ice for now and will be complicated when they resume, adding that "the sticking point with India is that tariffs are too high." This story has been updated with additional developments. Ben Werschkul is a Washington correspondent for Yahoo Finance. Click here for political news related to business and money policies that will shape tomorrow's stock prices Sign in to access your portfolio

Raymond James Reiterates Outperform on Arm Holdings (ARM), Raises PT to $165
Raymond James Reiterates Outperform on Arm Holdings (ARM), Raises PT to $165

Yahoo

time8 minutes ago

  • Yahoo

Raymond James Reiterates Outperform on Arm Holdings (ARM), Raises PT to $165

Arm Holdings plc (NASDAQ:ARM) is one of the AI Stocks Analysts Are Watching Closely. On July 31, Raymond James analyst Srini Pajjuri raised the price target on the stock to $165.00 (from $140.00) while maintaining an 'Outperform' rating. The rating affirmation follows Arm's fiscal first-quarter results, which were in-line with expectations. However, fiscal second-quarter outlook was weaker than anticipated. Royalty revenue grew 25% year-over-year backed by strong data center performance. This was, despite weakness in smartphone and IoT units. The firm also talked about royalty rate expansion. A financial analyst looking at a monitor filled with stock market charts of U.S. listed semiconductor companies. 'Secular royalty rate expansion remains on track driven by continued ARMv9 adoption. We are also encouraged by early CSS progress (including at Samsung, MSFT, Xiaomi), which essentially doubles the royalty rate. Licensing declined slightly y/y but was better than our model while annualized contract value (ACV) grew 28%.' Looking ahead, the firm is optimistic on the back of strong v9/CSS adoption and growing Data Center opportunity. 'Management also alluded to expanding into chiplets and full end solutions, which could significantly expand SAM, although margin impact remains unclear. We are lowering EPS partly due to higher OpEx but are raising price target from $140 to $165 on recent peer multiple expansion. Reiterate Outperform.' Arm Holdings plc (NASDAQ:ARM) is a semiconductor and software design company that designs and manufactures semiconductor technology and other related products. While we acknowledge the potential of ARM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Must-Watch AI Stocks on Wall Street and Disclosure: None.

Prime Minister Carney announces new support measures for softwood lumber industry
Prime Minister Carney announces new support measures for softwood lumber industry

Yahoo

time8 minutes ago

  • Yahoo

Prime Minister Carney announces new support measures for softwood lumber industry

KELOWNA — Prime Minister Mark Carney's government is preparing financial supports for the forestry sector as the U.S. ratchets up duties on Canadian softwood lumber. Carney is promising an aid package for the industry that includes $700 million in loan guarantees and $500 million for long-term supports to help companies diversify export markets and develop their products. It comes in the wake of heightened trade tensions with the U.S. over softwood lumber, a longtime point of friction in the Canada-U.S. trade relationship. The U.S. Commerce Department recently announced it intends to hike anti-dumping duties on Canadian softwood to just over 20 per cent. That's a marked increase since the last time the U.S. reviewed the rate, which previously was just over 7 per cent. Carney also says the government will introduce a training program for workers which will include some $50 million for the forestry sector. This report by The Canadian Press was first published Aug. 5, 2025. The Canadian Press Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store